Why this is mistaken
The adopting pronouncement speaks first. It may require prospective, retrospective, modified-retrospective, or issue-specific transition. Build the standards clock and adoption matrix from that text. Topic 250's default is not a replacement for explicit instructions.
Where to watch
When this mistake may appear
- An ASU requires a change in accounting.
Check your work
Your work may contain this mistake if:
- Ignores scope, adoption date, expedients, elections, and the stated transition method.